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be recalled that Contract Audit Mo. 2850-A covers sale of elec­t r ic it y as w ell as water, and pending farther developments it is recommended that old agreement, insofar as fam ishing of e le c tr ic ity is concerned, he extended to October 1, 1929, by which time franchise and pole lin e owned by l.V .L . & W. Co. may be sold to Consolidated Company, and farther necessity fo r agreement between Hailroad Company and L.V.L. & W. Co. covering sale of e le c tr ic it y w ill be eliminated. The subject of increasing rates covering sale of water, now set forth in Form 14, was also discussed and con­sideration given to various features set forth in my report A p ril 27, and Mr. Smith was fu lly advised regarding the situ ­ation. Mr. Smith stated that the President would be here during June, at which time consideration could be given to p olicy and procedure that should be followed in order to secure increased revenue fo r L.V.L. & W. Co. through r e ta il sale of water. He also stated that, in his opinion, the sug­gested arrangement to increase existin g fla t rates as covered by Form 14 by 225$ for r e ta il distribution o f water appeared to be the most lo g ic a l course to follow , and in this connec­tion it was suggested that, should executive approval be secured, Messrs. Bracken and McNamee arrange to c a ll informally upon Nevada Public U t ilit ie s Commission to discuss the entire 2019-01-23 2019-01-23 http://cdm17304.contentdm.oclc.org/cdm/ref/collection/p17304coll5/id/43… 43662 43663.pdfpage /p17304coll5/image/43663.pdfpage